Global Bribery and Corruption Review 2013
The global effort to combat bribery and corruption continued in 2013. Countries that have traditionally been at the forefront of anti-corruption compliance and enforcement, such as the US and Germany, have continued their efforts to root out bribery across the globe. These traditional anti-corruption powerhouses are not alone anymore. Last year saw new legislation passed in countries such as Brazil and increased enforcement efforts across the globe.
In the US, reaffirming the government’s war against global corruption, acting assistant attorney-general (AAG) Mythili Raman in 2013 declared: ‘Fighting global corruption is, and always will be, a core priority of the Department of Justice.’ Since 2005, the US Department of Justice has secured close to three dozen corporate guilty pleas in Foreign Corrupt Practices Act (FCPA) cases and entered into more than 40 corporate resolutions, including nine of the top 10 largest monetary settlements, resulting in approximately $2.5bn (£1.5bn) in fines. In 2013, US authorities issued an ominous warning for companies: ‘Now is the time to enhance, not diminish, [y]our anti-corruption efforts.’ In the first section of this review, Hogan Lovells surveys FCPA enforcement actions in 2013 to help you understand current trends in order to avoid or minimise their risk under the statute. The firm also updates you, in section two, on two recent cases that have an important impact on foreign nationals and their susceptibility to US jurisdiction…
If you are registered and logged in to the site, click on the link below to read the rest of the Hogan Lovells briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump